Vikram Solar Allots 24,200 Equity Shares Under Employee Stock Option Plan

Vikram Solar Limited has announced the allotment of 24,200 equity shares to eligible employees under its “Vikram Solar Employee Stock Option Plan 2021” (ESOP 2021). The decision was approved by the company’s Nomination and Remuneration Committee through a circular resolution and was officially disclosed on May 29, 2026.

According to the company’s regulatory filing, the newly allotted equity shares carry a face value of ₹10 each and were issued at an exercise price of ₹91.50 per share. This price includes a premium of ₹81.50 per share. The allotment reflects the exercise of stock options by eligible employees under the company’s employee benefit scheme, which is designed to reward and retain talent while aligning employee interests with the company’s long-term growth objectives.

The company stated that the new shares will be issued in dematerialized form and will rank pari-passu with the existing equity shares of Vikram Solar. This means that the newly allotted shares will enjoy the same rights as existing shareholders, including voting rights and entitlement to dividends.

Following the allotment, the company’s issued, subscribed, and paid-up equity share capital has increased from ₹3,62,33,01,810, comprising 36,23,30,181 equity shares, to ₹3,62,35,43,810, comprising 36,23,54,381 equity shares. The distinctive numbers assigned to the newly allotted shares range from 362330182 to 362354381.

Vikram Solar confirmed that the disclosure has been made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as well as the relevant provisions governing share-based employee benefits. The company also noted that it had already obtained in-principle approvals from both BSE Limited and the National Stock Exchange of India Limited (NSE) in October 2025 for the listing of these shares.

The communication was formally signed by the Company Secretary and Compliance Officer of Vikram Solar Limited.